∆ Corporate Snippets on Oct 29 ∆
Ø Abu Dhabi to issue FDI licences allowing 100% foreign ownership
Ø China bought nearly 30% of Indian steel exports in April-Sept: Data
Ø 15th Finance Commission on course to finalise report by end of this month
Ø India extends anti-dumping duty on imports of Fluoroelastomers from China
Ø ITAT rules in favour of Jamsetji Tata Trust, revokes the penalty imposed by Income Tax department
Ø Piramal Housing Finance notifies CCI of proposed combination with DHFL
Ø IBBI approaches SC to club all cases on personal guarantee pending in HCs
Ø SEBI bars investment bankers from sharing bidding data with investors
Ø Italian regulator investigates Google over abuse in digital ad market
Ø Lloyd's insurer Apollo to stop underwriting Adani coal mine from Sep 2021
Ø Air India Express records highest-ever annual profit at ₹413 Cr
Ø Axis Bank posts net profit of ₹1,683 Cr in Sept qtr as bad loans decline
Ø Financial conditions in India are on the mend, affirms CRISIL
Ø Revival on, India will be fastest growing economy next year: FM
Ø Titan reports 37.8% drop in net profit for Q2
Ø Dr Reddy’s Laboratories Q2 net down 30% at ₹762 crore
Ø Heritage Foods nets ₹54 cr in Q2 ‘after adjustments’ related to Future Retail
Ø Airtel awaiting clarity from DoT on AGR dues
Ø Deutsche Bank rebound hinges more than ever on trading unit
Ø India, UK agree to address barriers to sustainable bilateral investment
Ø Wipro to acquire cloud firm Encore Theme Technologies
Ø GlaxoSmithKline Pharma Q2 net profit declines 85% to ₹76.47 Cr
Ø India needs policy intervention to uplift its urban poor
Ø PNB Housing Finance Q2 net profit down 15% at ₹313 crore
Ø Payment deadline for Vivad se Vishwas scheme extended
Ø DPIIT releases next edition of consolidated FDI policy
Ø Digitalisation to drive USD 6.8 trillion IT spending from 2020 to 2023: IDC
Ø Marico Q2 net rises 7.9% to ₹273 Cr, sales up 8.7% to ₹1,989 Cr
Ø RBI asks lenders for ex-gratia payment of interest on interest scheme
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⚫The finance ministry said India and the United Kingdom have agreed to establish a bilateral Sustainable Finance Forum.This partnership is helping set up a Project Preparation Support Facility cum Centre of Excellence for PPP projects. FM said India and the UK have increased cooperation through the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure.
⚫Oil Secretary hinted at more reforms to raise the level of private participation in upstream oil and gas exploration and production, but remained non-committal on the industry's demand for cutting levies to make the business attractive during low price regime.
⚫The SBI inked a pact to raise a $1-billion loan from Japan Bank for International Cooperation and other Japanese lenders like SMBC, MUFG Bank, and Mizuho Bank. The loan will be used to provide funds to manufacturers, suppliers and dealers of Japanese automobiles in India.
⚫As economic activity revives after the gradual lifting of the lockdown, the demand for gold loans is expected to rise. The gold loan assets of finance co's in country are estimated to grow by 15-18% in current financial year, according to CRISIL.
⚫India has reported a daily jump of nearly 50,000 Covid-19 cases, even as the tally has soared past the 8-million mark.
⚫Delhi on Wednesday recorded over 5,600 fresh cases for the first time, with the city witnessing a sudden surge in daily incidences in the past few days.
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👉 Filing NIL Form CMP-08 statement through SMS on GST Portal
https://www.gst.gov.in/newsandupdates/read/409
👉 Hosting of the details of allotment of assignment as observers for November, 2020 Examination. - (26-10-2020)
https://www.icai.org/post/details-allotment-of-assignment-as-observers-for-nov2020exam
👉 Important Announcement November-2020 CA Examinations - (27-10-2020)
https://resource.cdn.icai.org/61607exam27102020.pdf
👉 ICAI Invites Suggestions for Pre-Budget Memorandum-2021 - (28-10-2020)
https://www.icai.org/post/icai-invites-suggestions-pre-budget-memorandum-2021
👉 Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11989&Mode=0
👉 RBI releases “State Finances: A Study of Budgets of 2020-21”
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50573
👉 Option of repaying the funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) before maturity
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50578
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